Patrick Industries had its Relative Strength (RS) Rating upgraded from 69 to 73 Monday — a welcome improvement, but still short of the 80 or better score you look for.
This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Patrick Industries can continue to show renewed price strength and clear that threshold.
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Patrick Industries is building a consolidation with a 98.91 buy point. See if the stock can break out in heavy volume.
Earnings-per-share growth decreased last quarter from -1% to -45%, but the top line rose from 6% to 8%.
The company holds the No. 4 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. Cavco Industries is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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